I'm really struggling with this application fee thing. Any words of wisdom? Going to have an Open House today and it doesn't feel right to take a fee from each applicant knowing we'll only rent to one...
Acquisition fee 2.95% of purchase price of assetDisposition fee 1% of sale price of assetAsset management fee: 1% of equity raisedFund admin fee: .25% of equity raise
Their waterfall is 70/30 split until 13% IRR then...
I haven't hear of this before but the city of Cedar Falls Iowa is implementing a six month ban on home owners turning their house into a rental property. The ban can be extended for up to a year. Interesting, seems ...
Not sure if this is something I want to do myself, but maybe some here have come across this issue before.Our chimney is in bad shape. Rather than repair it we are considering doing what we did at our other property,...
I recently listed a rental and got an offer from someone to pay $250 more per month than what we listed for. I want to be ethical and legal, and haven’t found anything that states otherwise, but wanted to check with a...
Hello! We are new homeowners, new to this site and have just started on the path of REI. We bought a house in Mt. Washington (Pittsburgh) in June 2017 through a Fannie Mae HomeStyle Renovation Loan. We first made an ...
Need some wisdom. Invested with an out of state turnkey real estate company. Four months in, we get notified the rehab of the property was completed. Looked over the limited photos provided and observed some of the...
Hey Everyone,My partner and I are working on our tenant screening guidelines for the property management portion of our business, renting properties in generally C+ and above neighborhoods. Some things we have include...
So I have learned that when trying to create a list with owners who have less than 10% equity, I accidentally made a list of a bunch of reverse mortgage owners and mailed all of them. LUCKILY I only mailed one zi...
What is going on in Southern Maine? Over the last 12-18 months, feel like valuations have gone hyperbolic. Looking at cap rates on some 2-4 units and there is actually stuff with a 3-handle on it! Most seem to be ~4.0...